[The Washington Times ]...“These tax expenditures don’t represent a shift — there have been no changes in the tax provisions that deliver fossil fuel tax expenditures over the past decade — but an increase in the renewable power investment and output that qualifies for the renewable tax expenditures,” said Joseph Aldy, a professor of public policy at the Harvard Kennedy School who studies energy and tax policy.
N. Gregory Mankiw has been named a Faculty Fellow of the Harvard Environmental Economics Program. Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. Read more about New HEEP Faculty Fellow
[The New York Times ]...Democrats should also insist that Mr. Trump put new revenue on the table, specifically an economywide carbon tax. Otherwise, it will be difficult if not impossible to finance both a comprehensive tax overhaul and the nation-building infrastructure push Mr. Trump has promised. According to the Harvard economist Joe Aldy, a $25-per-ton carbon tax going up 5 percent a year could raise from $130 to $200 billion a year by 2030. Read more about Why Democrats Should Work With Trump
[The New York Times ]...“One of the greatest concerns is what other key countries, including China, India and Brazil, will do when the U.S. reneges on the Paris agreement,” said Robert Stavins, a professor of environmental economics at Harvard, mentioning some of the world’s other largest carbon dioxide polluters.
[Harvard Business School Working Knowledge ]...“We launched the challenge to expose students to the broad array of ways climate change is affecting organizations,” says Mike Toffel, Senator John Heinz Professor of Environmental Management at Harvard Business School and the head of the TOM course, who spearheaded the challenge. “It’s affecting the energy sector and agriculture, of course, but it’s also affecting supply chains and operations.”
[The New York Times ]...“These announcements mean that Mr. Trump is going to live up to his campaign vows, reversing course on climate, destroying much of the Obama legacy in this realm, and increasing these levels of harmful emissions,” said Robert N. Stavins, director of the environmental economics program at Harvard University.
[The Conversation ] Joseph Aldy: President Trump is expected to issue an executive order soon to reverse Obama-era rules to cut carbon pollution, including a moratorium on leasing public lands for coal mining and a plan to reduce carbon emissions from power plants.